Opening up the retail and insurance sectors in India will generate lakhs of additional jobs in India, global human resource consultancy Mercer has said. According to the firm, labour statistics continue to be positive in the country, although not as positive as a year and a half ago. Speaking about this, Mercer declares that if retail FDI gets through, it will start a whole new industry and generate huge employment and bring in investments without eating into anyone’s share. The domino effect will be such that it will create lakhs of ancillary jobs from rural employment to jobs in cold chains and transportation. Such development in the retail sector will be an added advantage for the signage companies dealing in in-store displays and other related activities.
